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Austin Homestead Exemption Q & A

Austin Homestead Exemption Q & A

As of January 1, 2022, a new law has gone into effect which allows homestead exemptions to be filed the year home buyers purchase their properties, rather than having to wait until the proceeding year. Here are the answers to a few frequently asked questions when it comes to filing for homestead exemptions:
 

What Is a Homestead Exemption? Central Texas home owners are provided property tax relief with the allowance for home buyers to file homestead exemptions in the year when they purchased their property. There are several types of exemptions you may receive including: school taxes, county taxes, age 65+ and disabled exemptions, optional percentage exemptions, and/or optional age 65+ or disabled exemptions.

How Do I Qualify for a Homestead Exemption? A home must meet the definition of a residence homestead: The home's owner must be an individual (ie: not a corporation or other business entity) and use the home as their primary residence on January 1 of the tax year. A homestead can be a separate structure, condominium, or a manufactured home located on owned or leased land, as long as the person living in the home owns it.

How Do I File for a Homestead Exemption? Homeowners can now apply at any time throughout the year, but the exemption will only apply to that tax year if filed prior to April 30th. Here are direct links to homestead exemption forms for Travis County, Bastrop County, Williamson County, Hays County, Caldwell County, Burnet County, Llano County.

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